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20131202
20131210
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CNBC
Dec 5, 2013 5:00pm EST
this hour. the breaking news is that president obama will be speaking on former south african president, nelson mandela's death. we will bring you that on the other side of this break. that's next. >> we are awaiting president obama to make a speech on the passing of former south african president, nelson mandela. john, what should we expect here? >> melissa, i think you can expect the president to speak with deep emotion about the passing of this leader and what it has meant to him and he recently took his daughters to africa and i believe they went to robben island to see the cell where nelson mandela was held. that was a moving moment for this and of course nelson mandela is watched throughout his lifetime as the struggle against apartheid reached fruition. when he was still in law school, he had been at robben island, president of south africa. all said they expect that the president will attend nelson mandela's funeral. >> global history for that matter of nelson mandela being the first black president of south africa and barack obama first black president of the united s
CNBC
Dec 6, 2013 4:00am EST
president. and in 2011, he was paid a visit in south africa by first lady michelle obama who brought along first daughters malia and sasha. admired around the world and revered at home, nelson mandela's south africa embraced a future and he leaves a legacy of freedom and proof that one life can make a difference. >> we are one country. we are one people. >> let's just take a look at the johannesburg stock market. we saw in the past half an hour, there was a five-minute pause to trade to go mark mandela's passing. it's been one of the stronger performers so far this year, 13 plus percent the size of the gains. the currency, the opposite story that we've seen pressure on the south african rand of late. dollar/rand rates are up, which means the rand has been down 24% so far this year. we've seen further gains extended across the xetra dax. still a couple hundred points as what we had in november. but 0.4% on the ftse. the cac extending its gain now with the ftse. but this is nonfarm payrolls. the market is very much looking to see what the jobs number is going to be out of the state. bu
CNBC
Dec 10, 2013 9:00am EST
, their staff has been meeting. a lot of members have gone to south africa for the mandela funeral as president obama and president bush did. you have the snow day in washington where because of that relatively modest snowstorm by the standards of many people in the midwest and other parts that get a lot of snow, it nevertheless shut down the federal government. talks are going on. we're in a last-minute posturing phase where republicans are saying you've got to have this amount of deficit reduction in order for us to agree to the deal and democrats are saying, including people like steny hoyer saying you can't take as much out of retirement as you're going to take. i do think it will get done. they had originally planned to announce the deal today and vote on it on thursday. i think that time frame could slip a little bit, at least on the announcement part. we'll see whether they can get it done by the end of the week and go home and tell their constituents they actually did something positive. >> john, keep us posted. thanks very much. >> shares of liululemon trading higher after ch
CNBC
Dec 10, 2013 4:00am EST
president of south africa, nelson mandela. president obama, ban ki-moon and president zumba are all scheduled to speak, as well. >>> five years after the financial crisis, u.s. regulators are set to approve the so-called volcker rule. >>> european finance ministers are close to a deal to allow them to wind down failing banks, paving the way of the situation of an eu banking union. >>> the era of government motors draws to a close. the u.s. government selling its remaining stake in gm four years after the automaker's bailout. >>> nokia owes india up to $3.4 billion in taxes. previously the sum was just $340 million. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> and a very warm welcome to you. if you've just joined us stateside, you're looking at pictures from johannesburg soccer city in soweto. the 95,000 seat stadium hosting the main memorial ceremony for nelson mandela who died last thursday, age 95. mandela was south africa's first black president passed away paus peacefully after a battle with lung infection. u.s. presid
CNBC
Dec 5, 2013 7:00pm EST
-american or excuse me, the first african leader, black african leader of south africa which had been governed by a white government, president obama followed in that footstep as the first african-american president of the united states, and he said that he would spend the rest of his life trying to live up to and follow nelson mandela's example. what was so notable about nelson mandela was that he actually achieved in practice the promise that president obama had held out in 2004 at that famous convention speech of bringing south africa together, adopting a policy of reconciliation at a time when there was such tremendous bitterness built up over decades and decades of conflict. it was a titanic achievement for a leader, for a statesman, and that's why so many people looked up to nelson mandela. >> you know, as you pointed out earlier today, one of the remarkable things in his epic life is when he came to power, he was a man without spite or -- though he certainly must have had some anger, he did not act upon that anger. he was a conciliator. he brought people from the former aparthe
CNBC
Dec 5, 2013 3:00pm EST
that occurred in sharkville in south africa in 1960. he was jailed after a trial. and then emerged triumphant and somebody that the entire world could look up to. this is -- you can bet that president obama's going to be heard on this before too long. and we've lost somebody that deserves emulation everywhere. >> i don't know, i just want to bring people a little bit of background information here about mandela's condition over the last couple of months. he had been three months in the hospital with the recurrent lun september, originally. but those lung problems attributed to the tuberculosis he contracted during 27 years in prison before he led his country to democracy, subject of many biopics lately. what is your view on his history in south africa and overseas? >> i think he has more stature than anyone around the world with the possible exception of the pope. a lot of continue versy around the current president as well as becky who proceeded him in that job who was nelson mandela's successor. i think this is somebody whose reputation was titanic and the entire world will be mo
Search Results 0 to 5 of about 6